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09-26-2009, 10:15 AM
Sabse Technologies, a VoIP services company based in Mountain View, Calif., has acquired Mobivox for an undisclosed amount, according to Tech Crunch (http://www.techcrunch.com/2009/09/25/hotmail-co-founders-new-firm-acquires-a-second-voip-startup-mobivox). Mobivox, which expanded into mobile VoIP and cloud-based voice applications, drew down an $11 million round of venture funding in 2007 from Flybridge Capital, IDG Ventures and Brightspark Ventures.
Mobivox is Sabse's second IP communications buy this year, as it acquired Jaxtr (http://www.fiercevoip.com/story/jaxtr-bought-sabse-technologies/2009-06-09), a VoIP company offering calling through social networking, in June.
This acquisition appears to show that Sabse is intent on acquiring VoIP and IP communications plays to combine several "feature, not a company" companies into a serious player. Sabse has not raised outside capital that it has announced, according to TechCrunch, signaling a healthy personal backing, which is not surprising considering co-founder Sabeer Bhatia also co-founded Hotmail, sold to Microsoft for $400 million (http://www.brighthub.com/office/entrepreneurs/articles/46717.aspx) in 1997.
For more:
- see the TechCrunch article here (http://www.techcrunch.com/2009/09/25/hotmail-co-founders-new-firm-acquires-a-second-voip-startup-mobivox)
Related articles
M&A, venture funding in IP communications heating up (http://www.fiercevoip.com/story/m-ip-communications-heating/2009-06-11)
eComm 2009: VoIP players talk potential profits (http://www.fiercevoip.com/story/ecomm-2009-voip-players-talk-potential-profits/2009-03-05)
More... (http://www.fiercevoip.com/story/sabse-technologies-buys-mobivox/2009-09-25?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FV0)
Mobivox is Sabse's second IP communications buy this year, as it acquired Jaxtr (http://www.fiercevoip.com/story/jaxtr-bought-sabse-technologies/2009-06-09), a VoIP company offering calling through social networking, in June.
This acquisition appears to show that Sabse is intent on acquiring VoIP and IP communications plays to combine several "feature, not a company" companies into a serious player. Sabse has not raised outside capital that it has announced, according to TechCrunch, signaling a healthy personal backing, which is not surprising considering co-founder Sabeer Bhatia also co-founded Hotmail, sold to Microsoft for $400 million (http://www.brighthub.com/office/entrepreneurs/articles/46717.aspx) in 1997.
For more:
- see the TechCrunch article here (http://www.techcrunch.com/2009/09/25/hotmail-co-founders-new-firm-acquires-a-second-voip-startup-mobivox)
Related articles
M&A, venture funding in IP communications heating up (http://www.fiercevoip.com/story/m-ip-communications-heating/2009-06-11)
eComm 2009: VoIP players talk potential profits (http://www.fiercevoip.com/story/ecomm-2009-voip-players-talk-potential-profits/2009-03-05)
More... (http://www.fiercevoip.com/story/sabse-technologies-buys-mobivox/2009-09-25?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FV0)